Form 8-K · Current Report · Filed 2026-09-09
Enbridge Announces Acquisition of Tallgrass Energy's Crude Oil Business
Enbridge Inc. has announced the acquisition of Tallgrass Energy's crude oil transportation, gathering, storage, and terminaling assets for $2.55 billion. The acquisition includes the Pony Express Pipeline, Powder River Gateway system, and Stanchion Energy. Enbridge expects the transaction to be accretive to distributable cash flow per share in the first full year of ownership. The acquisition is expected to close later in 2026, subject to regulatory approvals and other customary closing conditions.
- Filer
- Enbridge Inc. ENB · NYSE
- Filed
- Accession
- 0001104659-26-106344
- CIK
- 0000895728
- Signal
- High impactEnergy
- Source
- Official filing on sec.gov ↗
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Reported Item
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$50.48
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+0.0%
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About Enbridge Inc.
Enbridge Inc. is a leading energy infrastructure company involved primarily in the transportation, distribution, and generation of energy across North America. Its primary function centers on the operation of an extensive pipeline network that transports crude oil, natural gas, and natural gas liquids over long distances to major markets. Enbridge plays a pivotal role in the oil and gas sector by enabling efficient and reliable energy flow, crucial for industries and consumers alike. The company's operations are diversified across several segments, including liquid pipelines, gas transmission, gas utilities, and renewable power generation. Enbridge also focuses on sustainable practices, investing in renewable energy projects such as wind, solar, and geothermal power, making significant strides in reducing its carbon footprint. Headquartered in Calgary, Alberta, Enbridge Inc. is integral to North America's energy landscape, ensuring the safe and secure movement of energy resources, thus supporting economic stability and growth.
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